You find detailed analysis and review about Safe Doge $SAFEDOGE in this article. It contains team, tokenomics and technical evaluations.
They describe themselves:
SAFEDOGE is a Frictionless Yield Generation DEFI protocol on Binance Smart Chain.
Project name: Safe Doge
Contract address: 0x7b5beB86af822125762bd0E9eb0Df3154ffbF640
Token type: BEP-20
Total supply: 1.000.000.000.000.000 SAFEDOGE
Launchpad: Unicrypt Network(PancakeswapV2)
Presales have some risks. Please DYOR (do your own research)
|Liquidity Lock Rate||60% BNB raised liquidity lock|
time: 11 months
|Min-Max Spend per Account||max 4 BNB|
|Presale price||50.000.000.000 SAFEDOGE / per BNB|
|Listing price||50.000.000.000 SAFEDOGE / per BNB|
|Audit||(By Solidity Finance)|
|Start||approx: Wed 9 Jun 16:40 UTC|
|End||approx: Mon 14 Jun 16:39 UTC|
Check locked tokens
Check burned tokens
It is good
- 11 months liquidity lock duration
- Audit by Solidity Finance, check report
- No mint functions
- No issues were found.
- From Audit Report: (note: Transaction fee is 10%. 20% of transaction fee will be sent “Dog-Lover Wallet”)
- The owner of the contract has the ability to reassign the address that is routed to this “Dog-Lover Wallet” at any time.
- The owner has the ability to include and exclude addresses from fees and rewards.
- The owner has the ability to enable and disable fees entirely.
It is not good
- No KYC
- Team holds huge part of total supply. (locked and unlocked 43.8% 😨)
About the team
From White Paper
According to web site and official social accounts:
-“SAFEDOGE” is a Frictionless Yield generation token-
Features of SAFEDOGE:
- Transaction fee is 10%:
- 4% distributed to holders
- 3% added to liquidity
- 2% Dog-lovers fee
- 1% burn forever
- Deflationary: Because part of each transaction fee will be burned.
Note: Slippage rate must higher than 10%, when swap SAFEDOGE.
SAFEDOGE is another dog meme token. Token distribution is more important for meme tokens.
Let’s take a closer look at $SAFEDOGE Tokenomics:
I do not intend to examine it in detail. It’s enough for us if we just examine the amount of tokens the team is holding.
The team has allocated only 10% of the total supply of tokens for sale. Hardcap 2000 BNB. that is, 10% of the token is valued at 2000 BNB.
Team holds 15.9% of total supply, unlocked. Locked amount is 28%. In total the team has 43% of total supply, which is an incredible rate. Team holds more than 4 times what it sells.
SAFEDOGE team holds 15.9% of total supply, unlocked. Locked amount is 28%. In total the team has 43% of total supply, which is an incredible rate. Team holds more than 4 times what it sells.Tweet
Locked tokens also have very short lock times. Even if we do not take into account the locked tokens, the team has 15.9% of the unlocked tokens.
I think there are 2 possibilities for the project owners who make this tokenomics:
- They are very inexperienced and their math is not good 😂
- They are malicious. They can do soft or hard rug pulls.
2000 BNB collected. hit hardcap.
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